Market Update: International Business Machines Corporation (NYSE:IBM) – CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption

[PR Newswire] – ARMONK, N.Y. and FALLS CHURCH, Va., Jan. 15, 2016 /PRNewswire/ — IBM (NYSE: IBM ) and CSC (NYSE: CSC ) today announced an expanded partnership to help global enterprise clients accelerate their transition … Read more on this. International Business Machines Corporation (IBM) , with a current value of $126.14B, opened at $130.01. Looking at today’s market, IBM one day range is $128.87 to $130.88 and has traded between $128.87 and $176.30 over the past 12 months. IBM shares are currently priced at 8.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.37x earnings multiple for the same period. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.95%. According to a consensus of 19 analysts, the earnings estimate of $4.81 per share would be $1.00 worse than the year-ago quarter and a $0.80 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $14.93 is a $1.60 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.04 Billion. If reported, that would be a 8.59% decrease over the year-ago quarter. More recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. The average price target for IBM shares by the analysts covering the stock is $147.75, which is 13.65% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – IBM Opens Cloud Data Center in Sao Paulo, Brazil Stock Update: International Business Machines Corporation (NYSE:IBM) – New IBM Cloud Tools Accelerate Developer Use of Streaming Analytics and Data Warehouse Services on Bluemix Company Update: International Business Machines Corporation (NYSE:IBM) – International Business Machines Corp. Earnings: A Mixed Bag for Big Blue